New Retirement Age
Facing retirement can mean facing a fear of outliving your money. And this means taking a new look at how to save and prepare for retirement.
Increasing life expectancy
People are living longer today than ever before. Not only are people growing older, they are remaining active longer. With increased life expectancy and activity, it is highly possible to live decades after retiring. And most do not want to rely on the government, family or others for support after working.
Declining standard of living
A recent study conducted by Boston College showed that a large percentage of Americans are facing a declining standard of living in retirement. In order to preserve their standard of living, many must postpone their planned retirement date. They may have to work into their late 60s or beyond.
This is coupled with the fear of outliving their current nest egg and becoming a financial burden on their children. Social Security benefits are often not enough and do not become available until later.
Taking control of retirement funds
A self directed retirement account, such as a Solo 401K or Checkbook IRA from Sense Financial, allows you to have full control. It gives the flexibility to use your account funds to purchase income-producing real estate, mortgage notes or other non-traditional investments. You can take advantage of the outstanding investment opportunities in today’s real estate market.
Take a positive step and begin learning how to take control of your retirement accounts and ultimately, your financial future. Visit www.SenseFinancial.com to learn more about the vehicles designed to give you checkbook control over your accounts.